What is a "rider" in an insurance policy?

A "rider" in an insurance policy refers to an amendment that alters the terms of the standard policy. This modification can enhance coverage by adding specific benefits, extending coverage to additional risks, or providing exceptions to the usual terms. Riders allow policyholders to tailor their insurance to better meet their individual needs. For example, a life insurance policy may include a rider for accidental death, providing additional benefits if the insured dies in an accident.

This option is correct because it directly addresses the functionality of a rider — it modifies the standard coverage rather than simply including documentation or listing benefits. The other choices describe aspects of insurance but do not capture the fundamental role of a rider as a modification to the existing policy terms.